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5 new rules in the credit card balance transfer game

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pennywise's picture
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This article explains how things changed when the new cc legislation came in with regard to balance transfers. It also includes a chart of some of the most popular balance transfer credit cards and their requirements as at Sept 15 2009.
 

"Balance transfers are harder and more expensive than ever," says Jim Randel, author of "The Skinny on Credit Cards." "This is all part of the pullback in the credit card industry."
The availability and attractiveness of the terms of balance transfer offers has taken a downturn right along with the economy -- but card issuers also point to new federal credit card legislation, passed in May and slated to take effect next year, as the reason for even more changes.

 Article

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Zoey's picture
User offline. Last seen 2 weeks 5 days ago. (Offline)
Joined: 05/24/2009
Posts: 432
Re: 5 new rules in the credit card balance transfer game

Thank you pennywise! I am so muddled up now with all the changes I'd be scared to do anything related to cc's. That's helpful.



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